GLOBAL CEO UNVEILS FIRM’S VISION AFTER LISTING India at centre of LG's Global South strategy

LG ELECTRONICS PLANS to step up manufacturing, exports and launch of more locally-tailored products in India, its Global CEO William Cho said on Tuesday, while unveiling his vision for the firm in the country.

- VIVEAT SUSAN PINTO & NESIL STANEY

After the listing ceremony of LG India at the National Stock Exchange (NSE) at BKC in Mumbai, he said, “India is now at the centre of our Global South strategy.We look forward to advancing our growth here by making for India, making in Indiaand making India global.”

This would include the company launching more factories here, embedding itself even more into the local value chain, using India as an export hub to markets beyond Africa, Asia and West Asia, and expanding its India-focused portfolio. The company is set to launch a new range of consumer appliance products in November, combining “affordability, India-specific features and design elements’, Cho said.